Creditcane™: I still haven't figured out they continue to find ways to stop me.
SPX
Hanging man day. Midpoint above EMA(10). Tested and failed SMA(144). Tested and held the 38.2% retrace (1241.13). No daily 3LB changes (reversal is 1285.09). QE2infinity. Still above monthly & daily 3LB mids.
DXY
Bullish short day. Midpoint above EMA(10). Tested and failed the 61.8% retrace (77.27). Tested and held SMA(21). No daily 3LB changes (reversal is 74.88). Not confirming the monthly 3LB reversal up.
VIX
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(21). Failing its 38.2% retrace (33.51). No daily 3LB changes (reversal is 48.00). Still can't escape the grip of the "fear" zone.
GOLD
Bearish thrusting day. Midpoint above EMA(10). Held its 38.2% retrace (1714.40). Held above SMA(55). No daily 3LB changes (reversal is 1594.80). Must have the precious.
EURUSD
Spinning top day. Midpoint below EMA(10). Tested and failed SMA(21). Tested and held its 38.2% minor retrace (1.3713). No daily 3LB changes (reversal is 1.4201).
JNK
Bullish short day (barely confirmed dragonfly doji). Midpoint above EMA(10). Tested and held SMA(89). Held above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 37.74).
10YR YIELD
Spinning top day. Failing all SMA's. Midpoint below EMA(10). Failing its 38.2% minor retrace (21.37). No daily 3LB changes (reversal is 23.95).
WTI
Doji day. Tested and failed SMA(144). Midpoint above EMA(10). Tested and held its 38.2% retrace (92.96). New high on dally 3LB (reversal is 93.17). Not confirming the monthly 3LB reversal down.
SILVER
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Failing its 61.8% retrace (35.25). No daily 3LB changes (reversal is 36.58).
BKX
Bearish short day. Midpoint above EMA(10). Held aboveSMA(21). Held above its 61.8% minor retrace (38.43). No daily 3LB changes (reversal is 36.51).
HYG/LQD
Spinning top day. Tested and held SMA(55). Midpoint below EMA(10). Tested and held its 61.8% minor retrace (0.7643). No daily 3LB changes (reversal is 0.7966).
USDJPY
Bullish short day. Midpoint above EMA(10). Failing SMA(144). Tested and held its 38.2% minor retrace (78.074). No daily 3LB changes (reversal is 75.70). Let's see how long this lasts. Still waiting.
IT HAS BEGUN. YOU HAVE BEEN WARNED.
24 comments:
thanks for your work this week Ra, great stuff as always.
CV,
I'm just trying to go week to week right now with my squad, trying to build them back up to see if I can make a run here.
check out this picture:
http://news.yahoo.com/guatemalas-trash-miners-risk-lives-gold-172213176.html
CME hikes margins on all products: http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-399.pdf
and http://www.zerohedge.com/news/cme-goes-margin-defcon-1-makes-maintenance-margin-equal-initial-everything
@ben
CV's simple 'crede' in Fantasy Football...
- In a 10 team league that has a 6 team playoff system... One needs to get to 7-6 (& have tiebreak advantages) to secure a playoff spot...
- In a 10 team league that has a 4 team playoff system... One needs to get to 8 wins (& probably have tiebreak advantages) to secure a playoff spot...
---
After 8 games (needing to get to 8 wins, with only 6 games remaining), you're basically 'mathematically' eliminated if you don't have at least 2 wins (though anything can happen - you know - like monkeys flying out of your butt)...
A team with 3 wins probably has to WIN OUT (unless they hold some kind of tiebreak advantage)...
That's the math...
---
Nobody ever believes me on this (in weeks 2-3 where I suggest to the 1-2 & 0-3 teams that they need to MAKE A TRADE -NOW, or their season will slip away)...
Instead - they want to hold on to Chris Johnson & wait for a renassaince (that'll never occur)...
In FF... In 'Raider-ese'... JUST WIN (TODAY) BABY...
Make the post season at all costs... Then it's just a 50-50 shot to advance to the last game (& another 50-50 shot after that to win it all)...
That's my story & I'm sticking to it...
Chris Johnson? Does he even play anymore :-)
@ben
I hear he's playing 2nd string to Laverneus Coles...
...with $25 'extra large' in his pocket...
SWEET!
That is... of course... until the time that $25 million only buys you a loaf of bread & cup of coffee...
It's called SUCKAGE...
Keep printing all the debt that the sheeps could ever dream of...
Then...
drop it all on their front lawn after you've printed enuf to buy yourself all the gold to start it all up again...
But some of us already knew that... :-)
drove up to Hershey today for the PIAA state XC meet
great day for that, shout out to my high school who were the AA runner-up team this year, top guy on the team took 5th, nasty course, lots of hills, he'll be back for redemption next year.
in the meantime though, I'm looking forward to seeing if he can break 4:10 in the mile this spring
Weekly 3LB Update 11/4/11
LSU vs Alabama
Defense rules.
http://www.reuters.com/article/2011/11/05/us-eurozone-bundesbank-idUSTRE7A428Y20111105
Bundesbank: central bank reserves will not help fund EFSF
quote:
"Germany's gold and foreign exchange reserves, which the Bundesbank administers, were not at any point up for discussion at the G20 summit in Cannes," government spokesman Steffen Seibert said.
Don't mess with the gold.
@ben
It's amazing that a 4:00 mile is still a big deal after all these years...
It's still a rare accomplishment, especially for a youngster...
I'm just going to say "it ain't over" (in the race to the national championship)...
#3 OK State almost got knocked off by KSU yesterday... I'm pretty sure that if KSU had scored on the goal line on the last play, they'd have gone for the WIN instead of OT...
#4 Stanford still has to play Oregon...
What's funny is that #5 Boise State (still unbeaten), is getting help by Georgia leading the SEC East (& probably shoe-in for getting in the SEC Championship)...
Even LSU has to play Arkansas...
Bama could easily creep back into the top spots...
A lot of CHOKING yet to come...
http://www.rapidtrends.com/derivatives-buffet-calls-them-financial-weapons-of-mass-destruction/
Derivatives: Buffet calls them financial Weapons of Mass Destruction
http://www.bloomberg.com/news/2011-11-04/berkshire-earnings-decline-24-on-derivatives.html
Berkshire Earnings Decline 24% on Derivatives
....Now how much will I learn if I have lunch with the master? If he tells me the stove is hot, surely he won't put his own hand on it.....
with:
http://search.yippy.com/search?query=Howard+Buffett+Federal+Reserve+quotes&tb=sitesearch-all&v%3Aproject=clusty
one may wonder ~"what kind of 'deal' was struck, for Warren's benefit?"...
ibid.
"...Buffett’s consistent defense of classical liberal, free-market, republican, and anti-interventionist positions makes him an interesting, if little remembered, forerunner of today’s libertarianism and anti-Establishment conservatism. He was, as Murray Rothbard later pointed out, the most hard-core of the dwindling handful of Old Right politicians in the early Cold War period. Buffett contributed occasionally to such journals as Human Events, The Freeman, and later, New Individualist Review.
In 1954, Buffett became interested in the work of a right-wing journalist called "Aubrey Herbert." In February 1956, Murray Rothbard wrote Buffett that he (Rothbard) was in fact Aubrey Herbert. They had met the previous summer at Ludwig von Mises’s seminar in Austrian economics. Buffett and Rothbard corresponded for years, became friends, and commiserated with one another over the drift toward war, imperialism, and centralization, which was aided and abetted by the current leadership of the American right wing.
EMPIRE, CONSCRIPTION, AND CONTROLS
Congressman Buffett’s speeches in the House reflect his continuing and systematic grasp of the issue of liberty vs. statism and the key role which war and empire play in undermining the former and promoting the latter. Thus, on March 22, 1944, he protested Secretary of the Interior Ickes’s plans to spend $165,000,000 on an Arabian oil pipeline. He characterized the proposal as "this gigantic long-distance venture into imperialism." Such an asset would have to be defended by enlarged military forces, which might be based on conscription. Said Buffett further:
"It would terminate the inspiring period of America’s history as a great nation not resorting to intercontinental imperialism. This venture would end the influence exercised by the United States as a government not participating in the exploitation of small lands and countries…. It may be that the American people would rather forego the use of a questionable amount of gasoline at some time in the remote future than follow a foreign policy practically guaranteed to send many of their sons, if not their daughters [!], to die in faraway places in defense of the trade of Standard Oil or the international dreams of our one-world planners."
Buffett was primed to question the emergent Cold War at a time when the hot war, World War II, had just ended, and many of the wartime controls he hated were still in force. Thus, on March 11, 1946 he complained of "the use a second time of American national network facilities by Mr. Churchill for warmongering purposes." Was Churchill’s newfound concern about communism just "a buildup for a British loan"? On March 28, he commented prophetically that "We see no advantage in dodging the facts [that] if this tension with Russia keeps up, the military will probably succeed in imposing permanent conscription, will become the dominant factor in making and directing our foreign policy…. and will insist on the projection of American military power – of course, only as a measure of ‘security’ – into every part of the earth."..."
http://www.antiwar.com/stromberg/pf/p-s042401.html
re: H. Buffett
ibid.
cv--
re: LSU v. Arkansas
I watched that Chokin' Chickens game, last night..
while the spread could of been, even, wider, the Razorpigs are not that good of a team..
AAIP
also, why is Miles, the LSU-Head Coach, now, being widely referred to as 'the hat' ?
Les miles is the "mad hatter"....think that's the origin of the nickname
Slow going Sunday here. Just getting back from the Woodlands.
The 1% ers who were shopping with cash in hand on Friday were there to spend a ton....very busy.
The shoppers on Saturday were ALL credit card users....spending less money.
This holiday show was absolutely packed all three days....
Economy doing ok round these parts still....
If LSU makes it to a title game, they will get beaten....
That's my gut prediction....
AT,
re: above, the "Friday"-shopper = "cube-free"?
"Saturday"-shopper = "cube-refugee"?
~~~
but, I hear what you're talking about..up here, too, it's 'Dickensian' ("Tale of Two Cities-esque")
roughly, there's the U$D 20/40/80-'group'
and the U$D 2/4/6-'crowd'..
AAIP
and, personally, I think LSU is under-rated..
might be a good game..to see them v. Stanford or, closer to home, Okie St. ..
http://www.finviz.com/quote.ashx?t=S
looking like it is going to ~3, first stop..
now ~2.87
finally, broke free of the 20sma..
ibid.
4-minute mile == 100 mph fastball
These are near the limits of human physiology.
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